Business

Fossil Group plans to close up to 15 stores this year as the watch and accessories company continues trimming its global retail footprint under a broader turnaround plan focused on costs, profitability and balance-sheet strength.Executives for the Richardson, Texas-based company said on Fossil’s first-quarter earnings call that the company shuttered seven stores during the quarter and expects total closures to reach up to 15 locations in 2026. The closures would […]

JPMorgan Chase CEO Jamie Dimon on Wednesday said there is still a lot of uncertainty over how AI will impact the workforce and people shouldn't be "breathless" in their concerns as new technologies have historically created new jobs.Dimon said in a conversation with Sen. Dave McCormick, R-Pa., at the Pennsylvania Defense and Innovation Summit that "we don't really know" about the impact of AI on the workforce as the emerging […]

With the American merchant fleet down to fewer than 190 flagged vessels from a high of nearly 3,000 in the 1960s, a critical national security gap has left the U.S. heavily reliant on foreign shipbuilders.To help reverse this decline, JPMorgan Chase announced Wednesday it is injecting $24 million into Philadelphia’s maritime sector to help secure the defense supply chain, building a new submarine assembly facility and training thousands of workers […]

California consumers could soon see higher grocery bills as the state begins implementing a sweeping packaging law that shifts recycling costs from taxpayers to manufacturers – expenses some businesses warn could eventually be passed on to shoppers.Beginning next month, California will start collecting preliminary fees under the state's Plastic Pollution Prevention and Packaging Producer Responsibility Act, a 2022 law that requires companies to help pay for the recycling and disposal […]

Treasury Secretary Scott Bessent announced Wednesday that the U.S. Mint will begin striking a new $1 gold coin featuring President Donald Trump to mark America’s 250th anniversary.Bessent said in an X post that the coin will honor "the enduring legacy of liberty" and serve as a "lasting symbol of patriotism.""Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for […]

New York's decision to pause the construction of large artificial intelligence data centers is drawing criticism from some lawmakers and energy officials, who argue the move could weaken the United States' ability to compete in the global AI race while encouraging investment to move elsewhere.FOX Business' Madison Alworth joined "Varney & Co." host Stuart Varney to discuss New York's first-in-the-nation pause on large artificial intelligence data centers, the debate over […]

A Canadian restaurant franchisor and operator is planning to close between 45 and 50 Papa Murphy's stores amid a tough competitive environment for the pizza chain.Papa Murphy's is known for its take-and-bake pizzas that customers can pick up at the store after placing a walk-in, call-in or online order and cook at home. The brand is owned by MTY Food Group, which operates some locations and franchises others. MTY Food Group […]

Frontier Airlines announced Tuesday that it plans to introduce high-speed inflight internet powered by SpaceX's Starlink beginning in early 2027, marking a major upgrade for the ultra-low-cost carrier as it continues investing in new amenities aimed at attracting travelers.The Denver-based airline said its first Starlink-equipped Airbus aircraft is expected to enter service early next year. Frontier said it will become the first U.S. airline to offer passengers access to Starlink's […]

President Donald Trump on Tuesday announced that he will replace a 20% fee on commercial shipping moving through the Strait of Hormuz with "Trade and Investment Deals" that Gulf nations will be making in the United States.Trump said the move came as the movement of oil and natural gas supplies has eased along the waterway, a vital, narrow commercial shipping point currently being contested by Washington and Tehran."Oil is flowing […]